I’ve read Peter Spann’s book based on capital appreciation. Although I feel that I have “missed the boat” on buying property in the capital cities due to the price increases.
I’ve now finished reading 0-130 properties in 3.5 years. Although I really like the concept of buying positive cash flow properties, am I wrong in stating that I have also ” missed the boat ” on this also – as prices in country areas have also increased, ( beyond the level of PCF?). Gone are they days when like Steve did, you could buy at $40k at rent out at $120/wk.
Both started before the respective booms. Is there any positive cash flow property out there?
Also, should i be looking just in major Country towns,
or are smaller towns just as beneficial?Your comments would be greatly appreciated.
P.S. I reside in Melbourne. regards Carl
Carl,
They are out there, but you’ve got to go and find them.
The story on TT shows that it has been done in the last 6 months.James
Carl,
Yes, the last few years has seen a substantial increase in property prices, however, if you are investing for the long term, a good property today with regards to location, type etc will still make you money.
The same applies to whether you are looking at -ve or +ve cash flow properties.
James
Carl,
This week the offer on PCFP was accepted.
$54,250 Rent: $110pw
$60,250 Rent: $120pwand there are planty more in the areas. so it is out there.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]add to the above comments: population of over 20,000.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]CONGRATULATIONS CHAN$
Good + property purchases and by the sounds of it a great tenant base..
Now where is it !!!!!!!!!!!!!!!!! [:o)]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
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